Crypto Live News

VeChain (VET) Celebrates 1.1 Million Holders Amid Bullish Predictions

  • VeChain’s VET hits 1.1 million holders showcasing rapid growth.
  • Positive indicators drive VeChain’s upward momentum.
  • Past performance suggests a potential mid-June rally.

Amidst VeChain‘s recent announcements, the enthusiasm around the project intensifies as its native asset, VET, exhibits strong bullish indicators. Analysts delve into predictions and optimistic outlooks for VeChain’s future.

Read CRYPTONEWSLAND on google news

One avid VeChain supporter highlights a significant milestone, noting a rapid increase in holders. Within the last two months, VeChain attracted an additional 100,000 holders, reaching a remarkable total of 1.1 million.

In tandem with this growth, another analyst outlines the potential for VET to break critical resistance. The weekly timeframe reveals a successful breach of horizontal resistance, setting the stage for a significant upward move. The analyst sets a target of around $0.08 for the next surge, citing VeChain’s impressive recent performance.

The ongoing bullish sentiment is encapsulated by a historical perspective. Reflecting on VeChain’s performance during the 2021 Altseason, where VET experienced a remarkable 1680% surge over an 18-week period, analysts draw parallels to the current market dynamics. Using similar metrics, there is speculation of a potential surge to $0.50 by mid-June.

In essence, multiple analyses converge on a unanimous viewpoint—VeChain’s VET is positioned for a bullish trajectory. With promising indicators and a growing community, the stage seems set for VeChain to witness another substantial surge in the near future. Investors and enthusiasts alike eagerly await the unfolding of VeChain’s next chapter.

Read Also

Lauren Cole

A focused and vigilant storyteller for all things blockchain and cryptocurrency. Besides consuming every piece of literature about the metaverse, she can often be found at industry convections looking for the latest scoop.

Recent Posts

3 Cryptos Set to Skyrocket in May

#CYBRO stands out as a unique marketplace on the Blast blockchain, designed to help users…

5 hours ago

Beyond Currency: Why Bitcoin Is the Greatest Store of Value in a Decentralized Financial Future

Unlock the potential of #Bitcoin beyond currency. CEO Neil Bergquist reveals its role in reshaping…

5 hours ago

Top 5 Real World Asset (RWA) Cryptocurrencies: What’s Driving Their Meteoric Rise?

🚀🌐 The meteoric rise of Real World Asset (RWA) cryptocurrencies is reshaping the crypto world!…

5 hours ago

How Crypto Assets Are Projected to Shape the Landscape of the 2024 US Presidential Election

📰🔍 Dive into the crypto conversation shaping the 2024 US elections! Debates, voter preferences, and…

7 hours ago

Experts Bet Big on These Cryptocurrencies in 2024

The crypto market is experiencing a surge in 2024, drawing attention to select cryptocurrencies that…

7 hours ago

Coinbase Experiences System-Wide Outage Again, Should Coinbase Users Jump Ship and Choose Another Crypto Exchange?

#Coinbase grapples with system-wide outage, raising questions about #cryptoexchange resilience. Insights & implications revealed. #Crypto

7 hours ago